Azimo joins Theresa May on her first visit to Africa

1 year ago

3 min read

Azimo is excited to announce that they will be joining Prime Minister Theresa May this week on her first official visit to Africa. We are one of 29 representatives selected to showcase the best of UK businesses to future trading partners across the continent.

The Prime Minister and her delegation will visit South Africa, Nigeria and Kenya over the course of the trip, where they will meet with leading businesses, policy makers and entrepreneurs in order to build new investment, trading and export ties between the UK and Africa. Our CEO, Michael Kent said:

“We are the only established FinTech player to be joining the Prime Minister on this trade delegation to Africa – a testimony to how quickly we have established ourselves as a FinTech leader in the global money transfer sector. UK FinTech generates billions of pounds to the economy and we are leading the world in financial innnovation. Nigeria, Kenya and South Africa have been leading lights in FinTech innovation, and with their collective population and economic potential, there’s many opportunities for UK FinTech. This includes collaborating with regional partners to provide excellent services to consumers that have been historically underserved, and to build a better and more inclusive future for financial services.”

For five years, Azimo‘s mission has been to bring faster, safer money transfers to millions of people worldwide, letting them send money to over 190 countries in over 60 currencies. With over half a million Nigerian customers, this visit will support us and other London firms in forging new links with the rapidly expanding Fintech community in Africa.

Azimo can now reach more than 5 billion potential customers via a wide variety of payout methods, including cash, bank deposits and mobile wallets. Many of the recipients of the company’s remittance payments are in Africa, notably Nigeria and Kenya. Africa is also experiencing a FinTech revolution, with a number of impressive startups emerging from the countries to be visited by the Prime Minister in the coming days. Theresa May stated,

“The scale of opportunity for the capital’s businesses across Africa is huge. 111 African companies have already come to London to raise the funds they need to invest and grow, and now we want to go further to ensure that the UK is the partner of choice for African nations. The London business representatives accompanying me on this visit are a fantastic showcase of the depth of world-class expertise and breadth of innovation which the capital is home to.”

The Prime Minister’s visit aims to strengthen ties and promote trade links between Britain and Africa, and will also mark the first time a British Prime Minister has visited the continent since 2011.

To stay up to date with more news and stories about their trip to Africa as it happens, follow Azimo, our CEO Michael Kent, and the Prime Minister on Twitter:

Azimo Ltd. is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN 900220) for the issuing of electronic money. Azimo Ltd is licensed and regulated by HMRC as a Money Services Business (MSB) License Number 12676497

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